A ‘might’ counterfactual is a sentence of the form ‘If it had been the case that A, it might have been the case that C’. Recently, John Hawthorne has argued that the truth of many ‘might’ counterfactuals precludes the truth of most ‘would’ counterfactuals. I examine the semantics of ‘might’ counterfactuals, with one eye towards defusing this argument, but mostly with the aim of understanding this interesting class of sentences better.